Homebuyers have vanished. Mortgage brokers reporting 45% collapse in mortgage applications.

Homebuyer demand in 2024 continues to falter, as mortgage brokers are reported a 45% slump in mortgage applications compared to pre-pandemic levels through mid-October.

This declining demand suggests that Fed Rate Cuts have not helped the housing market. And that home prices are still too high for most buyers to afford.
---

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.

[ReventureConsulting]

Fed rate cuts not working. One month in, no discernible bounce back in buyer demand.

What's it going to take to bring buyers back into the market?

Access housing market data for your area on Reventure App: www.reventure.app

[aprilgentile]

Some of us refuse to buy at price increases of 200+% in four years is absolutely unsustainable..

[jeromesand]

The problem is that in order to have "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!

[amirsahir]

The downturn is not the point! Prices are still high even at 20% cut.. they are overvalued.

[StephanieG.Augustus]

Everyone's been promoting investing as a source of passive income, but with a 70-hour workweek and limited financial knowledge, how can I stay on top of things? Every YouTube video says "BUY, BUY!" but when and how do I sell for profit at the right time?

[jasontye]

Houses in Maine that were $185k back in 2020 are now $350k+++. Its literally crazy and will not change if us buyers don't stick together.

[AlaskanGoldMiner]

People talk about high mortgage rates and inflated prices, but the silent killers of the housing market are skyrocketing insurance, property taxes, utilities, maintenance and HOA fees.

[Frankjacob]

I’m in Massachusetts and real estate in the last 6 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[Wickedpissah]

My sister is a real estate agent as her side job. She sold two homes this year. Most full time agents have quit. (NH)

[FresyGiadans]

*So much happiness and joy $47k weekly returns has been life changing. AWESOME GOD I now have a house and can now afford anything for my family even with my Retirement..*

[RealLifeFinance]

Inventory in Greater Nashville area is up a staggering 800%! Yet prices are still up 100% from 2019. When does this snap?

[kathysanders]

Just because these people were suckers and overpaid doesn’t mean we will prices are still too damn high especially with high mortgage rates 😊

[Sinha]

I don't know a single person who bought a house in recent years, and yet for 5 years, there were homes being bought like crazy with bidding wars. I feel like investors went crazy. they were the ones buying and now have realized no one is actually going to buy at these ridiculous prices.

[FamilyofSeedsCee]

I'm in Tampa and have been trying to buy a home since 2021. It's still way too high, despite the inventory increase.

[GDTRFB]

Purchased my home for 166k at 2.5% in 2019, now assessed value is 270k. I could never sell and walk away from this $1100 mortgage! Finger Lakes region of NY

[qijq]

The people who make our monetary policy are completely out of touch with the financial situation of the average American. Imagine thinking that a 50 basis point reduction would make $600, 000 homes affordable for people.

[nevagunter]

I've been an investor in Apple, gold, housing market as well because I strongly believe in them, I've always believed in the stock but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla especially now that we are experiencing a market correction

[NatashaEstrada]

Don't try and catch a falling knife.

[MoneyballTV]

You are the GOAT sir. Reventure data saved me from making a big mistake mortgaging a house 2 weeks ago.

[PhilipHodson-dx]

Housing needs to be affordable for all . Private Equity got into the housing/rental market to pull their ponzi and now hopefully they will lose their ass .